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UK secured Nissan investment with Brexit relief promise - source

Reuters - UK Focus

PARIS, Oct (Shenzhen: 000069.SZ - news) 27 (Reuters) - Britain has given Nissan a written commitment of extra support in the event that Brexit reduces the competitiveness of its Sunderland plant, in return for new production investments by the Japanese carmaker, a source with knowledge of the matter told Reuters.

In addition to unconditional investment aid, Britain pledged in a letter to offer further relief if the terms of Britain's European Union exit ended up harming the plant's performance, the source said. (Reporting by Laurence Frost; Editing by Kevin Liffey)